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The Ed Show for Tuesday, December 2nd, 2014

Read the transcript to the Tuesday show

December 2, 2014

Guest: T-Dubb-O, Sally Jenkins, Bart Chilton, David Cay Johnston, Bernie

ED SCHULTZ, MSNBC HOST: Good evening Americans and welcome to the Ed Show
live from New York.

Let`s get to work.


protest movement --

that exists --



OBAMA: -- between too many police departments and too many communities
of color.

UNIDENTIFIED FEMALE: Hands up, don`t shoot.

SEAN HANNITY, "THE SEAN HANNITY SHOW" HOST: Give me any evidence that this
is about race.

STEVE DOOCY, "FOX & FRIENDS" CO-HOST: Is it a race thing or is it a crime

UNIDENTIFIED FEMALE: And I believe they`re keeping it real, keeping it

JEFF FISHER, RAMS HEAD COACH: They`re exercising their right to free

UNIDENTIFIED MALE: Football players should understand what their life is.

UNIDENTIFIED MALE: Players succeeded in dividing.

UNIDENTIFIED MALE: They`re playing a game so stick with that.

UNIDENTIFIED MALE: We`ve heard, I understand. I`m hurting too sweetheart.


SCHULTZ: Good to have you with us tonight folks thanks for watching.

The latest dispute in Missouri isn`t on the streets. It`s been the St.
Louis Rams and the St. Louis County Police Department day two. County
police are still upset the Rams player`s show of support for Ferguson
protests this past Sunday. After calling for an apology, police claim they
got one.

St. Louis County Police Chief Jon Belmar wrote an e-mail to the staff
saying, "I received a very nice call this morning from Mr. Kevin Demoff of
the St. Louis Rams who wanted to take the opportunity to apologize to our
department on behalf of the Rams for the "Hands up" gesture that some
players took the field with yesterday".

The Rams are saying hold the phone. That`s false. A Rams spokesman told
the CNN sport, "We did not apologize".

This is when the St. Louis County Police Department started complaining on
Twitter saying this, "Apology, expression of regret for not being able to
do something". They quoted the Rams Vice President or football operation
saying, "I regretted any offense their officers may have taken". So sweet
isn`t it?

The Rams did not respond to the tweet from the St. Louis County Police. On
Monday night, Rams head coach Jeff Fisher made clear where he stood on the


FISHER: As far as the choice that the players made, no they`re exercising
their right to free speech. They will not be disciplined by the club nor
will they be disciplined by the National Football League as it was released
today. So that`s all I must say.


SCHULTZ: Let`s just imagine for a moment if the Rams did discipline these
players. You know, what kind of backlash that would -- there`ll be a lot
of players it might not even show up this Sunday. I guarantee you, they`ll
be more players in the next round of football games that will show in
solidarity their support for free speech because that`s what this is.

Not everyone agrees with the way the Rams and the NLF are handling the
situation. Look no further than Fox News.


GRETA VAN SUSTEREN, FOX NEWS HOST: Look, of course NFL players have a
right to express themselves. But my objection is where they do it. They
could do it on a news show, or write an op-ed, or post on Facebook, or even
fire off a tweet, any place and any time, but not during an NFL game.
That`s the one time families gather in the stands around televisions just
to have fun.

And it`s not just the players. Remember when Bob Costas decide to lecture
the nation on gun control in the middle of an NFL game? Why ruin football
with politics and controversy? It`s just a game.


SCHULTZ: Well, well, well, it`s just a game. These Rams players are
supporting their community and expressing free speech. It`s something free
speech experts over on Fox should know all about.

Now, it would seem to me that people in the television business who have a
platform and who are into promotion and into brand promoting. They
understand that it`s good to do things when you have everybody`s attention.
When these players are coming out on the field, people are paying
attention. When they do this, people take notice. That`s the platform they
chose. They have every right to do that.

I remember, I think this guy`s name was what Tim Tebow, yeah. He used to
love to show his faith every time he scored a touchdown or did something
right, took a little criticism from some folks, and who was there to defend
him? Fox News.

Oh, yes, they just couldn`t believe that Tim Tebow was getting any kind of
criticism whatsoever for showing support for his faith. That was an
expression. But you know what? I guess we`ve got to keep these
expressions in football separate these days.

You know, the bottom line here is that in 1968 American track athletes
Tommie Smith and of course John Carlos raised their fist in Black Power
Statue and salute after winning the gold medals in the Mexico City Olympic
Games. Look at that picture.

Is that a statement? That`s a statement. It was worldwide, it was famous.
They wanted to bring attention to the mass civil rights movement of their
time. Both athletes were widely criticized for their action at the time.
They weren`t alone. It was sign of the times.

Remember this guy champion boxer Muhammad Ali came under heavy criticism
for opposing the Vietnam War in 1967 said he wouldn`t going to go. He
wouldn`t get drafted. He refused to get drafted on basis of religion. His
boxing license and passport, well they were revoked and his case was played
out in the appeals court. Eventually the Supreme Court ruled in his favor.
But you see he lose three years of his boxing career right in his prime.
Why? Because he was against the war and he had religious objections to it.

So, it`s civil rights, it was the Vietnam War, now athletes are standing
with communities to reform the white police interact with minority
neighborhood in this country. And we`re afraid to the conversation, we`re
going to be critical of those who take a platform that many of us in the
media do everyday to express their fuse. There is absolutely nothing wrong
with voicing your opinion and standing with your community if you believe

Black men are unfairly targeted by police in our society, it`s a fact, it`s
a hard cold fact that just seemed nobody wants to really deal with and if
you do you get criticized. Here is what the St. Louis community activist
T-Dubb-O said on this program last week.


T-DUBB-O: Once I see them hop off the vehicle I noticed it was the police,
I put my hands up and everybody follow suit when they see put my hand up.
They instantly pull me out the car and asked me for license or
registration, put their 40 caliber to my head, told me if I move they`ll
blow my head off.

Asked them what we were being arrested for, what was we stopped for, why
were they following us. They told me stop asking questions before people
have to have a protest for me. I see them put a 40 caliber to Rica
Taylor`s (ph) head a young woman, single mother, a college student. They
put their gun to her head. At that point in time I began to be nervous. I
don`t want anything to happen to her so I decided to comply and stop asking

They picked me off of the ground throw me in a back of a car. No one could
never tell me what we were stopped for. As soon I got in the back of the
car the officer whose truck I was sitting in. He told me that he didn`t
know why they stopped us. They had just watching my car for the last
couple of weeks. And for the last five days they`ve had heavy surveillance
on us because we were some of the people that were organizing the events
that on the ground, the peaceful protests.


SCHULTZ: And we all know that if there were anchors over on Fox News who
were treated just like that gentlemen they wouldn`t say anything about it
on the air at all. Greta Van Susteren would mention that she had 40
caliber put to her head and asked a bunch of question. That wouldn`t be
news at all.

We`ve reach out to the St. Louis Police Department last week and again
today, we haven`t heard back from him, they didn`t want to talk about that
story. And this story is playing out all across America, all the time.
There needs to be change. Demonstrators around this country are working
hard to make sure changes take place in the wake of Ferguson.

Our eyes are now open. We`re now paying attention to this. The question
is, is America going to do anything about it?

Get your cell phones out I want to know what you think. Tonight`s
questions, are conservative afraid of athletes expressing their first
amendment rights?

Text A for yes, text B for no to 67622, leave a comment at our blog at We`ll bring you results later on in the show.

Joining me by phone tonight is playing a little late. We tried to get him
in front of a camera. He`s kind enough to join us on the phone tonight.
T-Dubb-O the St. Louis Community Activist who met with President Obama on
Monday, also with us tonight Dr. James Peterson MSNBC contributor and
Director of Africana studies at Lehigh University.

T-Dubb-O, tell me, how was your conversation was the President and did you
get a chance to tell the President you had gun put to your head?

T-DUBB-O: We had to keep our conversation brief. I didn`t get a chance to
tell him about the situation that took place. Some of his staff knows
about the situation they were alerted by people that I worked closely with
here on the ground as well as ABC.

The conversation was amazing with the President. He told us himself that
he was proud of us and he aggress with everything that we`re doing, he
agrees that is a problem in this country and there has been a problem in
this country and the rest of the country need to wake up and realize that
there is a problem.

SCHULTZ: Do you think that they are serious about getting something done
here or is this just speaking of news at the moment and this will fall by
the wayside. What`s your impression?

T-DUBB-O: I think he is serious just over the fact that of course he`s a
black man, he`s experienced some of the things that we`re going through.
They may not be to that magnitude that we experience on a daily basis. But
he`s experience it.

So I do believe that he is serious but at the end of the day he can`t wave
a magic wand and automatically change the policy because you have a bunch
of other people that hold those position that look at young African-
American males and females as they meet (ph) similar to the Ferguson Police

SCHULTZ: T-Dubb-O, has anything come from your incident with St. Louis
Police last week? We have not been able to get a response from them on

T-DUBB-O: I haven`t been able to get a response from it either. They took
some of my property, they never filed a report, didn`t give me a report
number, no one know where my property is, it was completely unprofessional.
And the fact that we could be invited to the highest office in the land and
sin in an office with the President but our Governor Jay Nixon and our
Mayor, Francis Slay and police chief refused to be diplomatic and sit in
room with us is just ridiculous.

SCHULTZ: What are the people in St. Louis saying about the Rams players in
their hands up demonstration on Sunday? What kind of response have you
gotten from that, what are hearing?

T-DUBB-O: They`re supportive of it, they appreciate it, they love it. But
I say it`s all the time. It`s been 115 days well, 116 days now since Mike
Brown was (inaudible) in the middle of the street and it`s about time they
said something. They`re being heavily paid off of our community here in
St. Louis Missouri, so with them being African-American athletes and the
influence that they have not just over the city but over the word. It`s
about time they do something.

SCHULTZ: T-Dubb-O, I appreciate your time tonight here on the Ed Show.
Thanks so much for joining us on the phone. We wanted you to get in front
of a camera but your plane was late and I appreciate you accommodating us
and talking about this. I appreciated so much, thank you.

Dr. Peterson --


SCHULTZ: -- your response to the action -- to the reaction over the St.
Louis Rams demonstration?

JAMES PETERSON, MSNBC CONTRIBUTOR: Yes, I mean I really don`t understand
it. I mean obviously -- I don`t understand the law enforcement reaction to
it because it seems so pointed and so negative. It seems like they`re kind
of exposing their own sense about the situation.

I mean, in order for us to accept that idea that this is a lie that he had
his hands up. That means with discount at least six scene witness
testimonies in the grand jury process that we feel like has been obscured
in the first place. We can`t relitigate the grand jury process Ed.

If they want to do it again or they want to give us a more transparent
trial by jury process, then we can sort of debate witness testimony at that
point in time. But them to try to debate it based on grand jury as if it`s
fact is absurd to the people who don`t believe in grand jury process was
open and just -- and sort of -- or justice oriented in the first place.

But number two is even more important Ed. This is not just about Michael
Brown, right? And it`s not just about whether or not we believe --


PETERSON: -- or witnesses believes his hand were up. It`s more symbolic
than that Ed. This is about all of these cases that have been occurring in
recent memory and all of the cases that have occurred over the history of
police brutally and unchecked sort of law enforcement murdering unarmed

And so, the hands up don`t shoot symbolism is about the fact that there`s
law enforcement who murder people who don`t have guns.

SCHULTZ: What do you say to those who think that hands up demonstration is
a slam at the police?

PETERSON: Well, listen --

SCHULTZ: I mean isn`t this form of communication and I don`t mean to
answer the question that I just ask. But I want to point out. You have to
get people`s attention if you`re going to make change in America.

And so, you take the highest platform you possibly can and you do something
about it in a short gesture -- a very small gesture and a real short period
of time. That`s what these players did.

But it`s being interpreted by the right-wing as if their anti-cop, as if
they believe that the establishment is totally wrong in its operation.
There has to be some adjustments. What`s your response to these
conservatives out there who are trying to turn it into a black issue?

PETERSON: Well, I think for our conservative friends they`ve got to
understand this is about race and it`s about class and it is systematic.
It`s not that the St. Louis Rams players are indicting the entire system.
They rely on law enforcement all the time, right?

They`re relying on law enforcement at their games. They`re relied on law
enforcement in the wealthy communities that they live in. So they
understand the value and role of law enforcement --


PETERSON: -- and what we`re doing is critiquing an aspect of the system
that is racially biased. It is systemic, it`s not about individual
officers, it`s about treating the system and unfortunately we have to take
whatever platform at our disposal to raise awareness around us, the St.
Louis Rams did that well, I comment them for that.

SCHULTZ: How important is it for people like Tebow who is a cultural
figure in the African-American community in this country to step out and
talk about the instance that he went through, the experience that he had
with law enforcement. How important is it for these stories to come out?

PETERSON: Ed, it`s absolutely vital T-Dubb is -- for me demonstrates and
embodies great hope for the hip hop generations. So many people will
always talk about the negativity of the hip hop generation, these rappers.
What we see emerging out of St. Louis, and I`ve seen it around because I`ve
studied hip hop culture, is that we`re seeing hip hop artist emerge as
activist on the ground putting in the word.

T-Dubb is one of those people and the fact that you give him a platform.
This is important too Ed. You give him a platform to share that story so
people can see --

SCHULTZ: Well --

PETERSON: -- what the sort of day in and day out interface is between
people in certain communities and the law enforcement who are in charge
with protecting and serving them.

SCHULTZ: Well, these people that are criticizing the process, criticizing
the expression of free speech. I guarantee you Bill O`Reilly or Hannity or
any of those folks over there. If they were treated the way Tebow was
treated they lead show with it. And they would be demanding resignations,

So what is a kid supposed to do when this happens, be quite? Say nothing.
The President of the United States wants conversation on this. So our move
is to do what? Make it happen.

PETERSON: That`s right.

SCHULTZ: I think there`s going to be more NFL players out there their
going to say, "You know, we`re going to do this too."

PETERSON: They are.

SCHULTZ: We believe that this has to address and the NFL has had to deal
with some big issues this year. But I don`t think it`s going to stop
anytime soon.

PETERSON: It`s absolutely not and listen to what T-Dubb just said that he
had an audience with the President but can`t get an audience with the Mayor
of Ferguson, with the Governor of the State of Missouri.

It gives you -- it does speak volumes to the problems that we have in this
particular situation. Listen Ed, we need all hands on deck, we need
everybody engaged in this issue, we need people to continue to protest.
These organized --


PETERSON: -- strategic protests has been inspiring but we have to keep
up the work and keep applying the pressure until we get policies in place
that can actually change the system.

SCHULTZ: And of course Laura Ingraham said, shut up and play. Dr. James
Peterson great to have you with us tonight, I appreciate your time.

PETERSON: Thanks Ed.

SCHULTZ: This is a story that we can`t let go. This is a story that we
have to talk about or there`s not going to be any change. They were
talking about civil rights in the 60s and ending the war in Vietnam four
years before anything happen. There were protests then we gave you
examples of that tonight here on the Ed Show.

And we`re going to keep doing the story because it`s important. How are we
going to more forward if we don`t talk about it?

Remember to answer tonight`s question there at the bottom of the screen.
Share your thoughts with us on Twitter@edshow and on Facebook. Like us on
Facebook we appreciate that.

Coming up, Ray Rice pleads for a second chance. We`ll tell you what it
could mean for the future of the NFL.

Plus, International Oil Barons versus American Energy Titans. It`s a high-
stake game of chicken that will impact you pocketbook. Story ahead we`ll
be right back.


SCHULTZ: What`s hot, what`s not? Time for Trenders social media. I want
you to join the Ed team.

Let`s do it., follow me on Twitter@EdShow and also

Now, podcast. It`s available 24/7. It`s free. You can get at,, and of course on iTunes.

Ed Show Social Media Nation has decided, we`re reporting. Here today`s top
trenders voted on by you.



SCHULTZ: The number three trender, straight talk.

FRM. GOV. JEB BUSH, (R) FLORIDA: I`m thinking about running for President.
I don`t know if I`d be a good candidate or bad one.

SCHULTZ: Jeb Bush says he won`t ponder to party conservatives if he runs
in 2016.

BUSH: I kind of know how a Republican can win whether it`s me or somebody

UNIDENTIFIED MALE: I got a plan. I got a good plan.

BUSH: Lose the primary to win the general without violating your


things that you need to do to win a Republicans nomination contrary to the
things you need to do to win a general election?

BUSH: No one really knows that because it hasn`t been tried.

UNIDENTIFIED MALE: Jeb Bush is right in theory. Can Jeb Bush be right in

UNIDENTIFIED MALE: Bottom line, nothing happened.

SCHULTZ: The number two trender, sweet sign.

BRIAN WILLIAMS, "NBC NIGHTLY NEWS" HOST: A change to something that`s been
in American tradition for nearly a century.

UNIDENTIFIED FEMALE: Do you guys want cookie?

UNIDENTIFIED FEMALE: For the first time, scouts are going to be allowed to
sell their treats online.

SCHULTZ: Girls Scouts go digital with online cookie sales.

UNIDENTIFIED FEMALE: Each scout will have her own webpage.

UNIDENTIFIED FEMALE: Did you (inaudible) my customers is they love being
able to pay the cookies with a credit cart.


UNIDENTIFIED FEMALE: And of course there`s phone app for it.

UNIDENTIFIED MALE: The more (inaudible) to sell them, the more cookies
they`ll buy.


SCHULTZ: And today`s top trender, tackling the issues.

RAY RICE, AMERICAN FOOTBALL PLAYER: I feel full responsibility for
everything that I did and only thing I can hope for and wish for is a
second chance.

SCHULTZ: Ray Rice opens up about the elevator aftermath and his football

RICE: Domestic violence is a real issue in society. I know when the time
is right. And I know my wife wants to help. I know I want to help.

MATT LAUER, "THE TODAY SHOW" HOST: We also heard her apologize and at that
press conference we didn`t hear you apologized to her.

RICE: I made a horrendous mistake not apologizing to my wife.

LAUER: What would you think it would take for another owner and another
group of fans to put the images of that video behind?

RICE: They would have to be, you know, willing to know, look deeper to who
I am.


SCHULTZ: Powerful interview with Matt Lauer.

Joining me tonight, Sally Jenkins, Sports Columnist for the Washington
Post. What do you make of this? I mean, that was a pretty convincing
interview. I mean, he`s reeling (ph).

SALLY JENKINS, THE WASHINGTON POST: They`re both persuasive. I think her
role in this was as important as his.

You know, up into this point, Janay Rice had been really spoken for as
oppose to speaking for her self. And so I think a very important part of
this whole rollout this week for both of them was for her to step forward
as well.

SCHULTZ: Sally, doesn`t the NFL benefit by showing that rehabilitation

JENKINS: Well of course, I mean the problem with the NFL`s handling of all
of these was that Commissioner Roger Goodell was judge, jury and
executioner and basically try to handle this with a morals clause.

These problems go deeper than morals clauses. They take rehabilitation.
They take counseling and so what league needs to do is actually show that
it`s got a program to help guys get back on the right when they have
problems, not that they`re just going to ban you for 2 games, 6 games, 10
games, 11 games.

You know, show a real understanding of the depth of the problem.

SCHULTZ: Does he get another shot in the league?

JENKINS: Absolutely. He`ll be in the field next year for somebody.

SCHULTZ: For somebody.


SCHULTZ: But then there`s going to be more stories and there`s going to be
locker room distraction possibly. Media types will get out there and say,
"Ray, how it`s going", you know, how that play?

JENKINS: I think that would happen if somebody took him on this season but
by next season I think a lot of the boil will be out of the water.

I think he has a chance over the next few months to show that he is the guy
that he appeared to be before this horrendous video in the elevator. He
had a great reputation in the league right up until that video came out.
Lots of people still say he`s a good guy. You know, he certainly insists
that he`s a good guy and so does his wife.

So, I think by next season a lot of that will have dissipated.

SCHULTZ: Was she somewhat in denial?

JENKINS: You know it`s hard to say because we really didn`t hear very much
from her. I think what happened was she got caught up in the machine that
was Ravens and the NFL`s attempt to handle this thing and she was just
peon, it look to me like.

SCHULTZ: OK, so moving to Roger Goodell`s situation. I mean clearly, the
arbitrator says Goodell wasn`t forthcoming, Ray Rice was. He gets
reinstated. He can pick up now. What could be more damaging to the

JENKINS: There were a lot of sentences in that 17-page decision by the
judge that we`re extremely difficult for Roger Goodell to recover from, the
vagueness of his recollections.

She made it very clear that she found the NFLPA, the Players Union Council
much more believable than she did, the top three officials in the room from
the NFL.

SCHULTZ: This guy is in the fourth quarter of his career. No doubt.

JENKINS: Well, I think --

SCHULTZ: He may have a year or two left, right?

JENKINS: He`s lost some teeth as commissioner.

SCHULTZ: All right. Now, there`s another player, Adrian Peterson. Does
this situation affect Adrian Peterson who I understand is in New York today
trying to get his case heard and reinstated in the NFL.

JENKINS: Yes. And we had an audio tape apparently presented in his
hearing today in which there may very well some evidence that the league
promised Adrian Peterson more of a break.

You know, that there`s a league official apparently saying, you know,
you`ll get credit for time already served in your suspension. That`s a big
point of debate in the Adrian Peterson situation.

Regardless, I think -- this week has been a tough week for the commissioner
in terms of his powers, in terms of his individual power and influence in
the league. He`ll be a much weaker commissioner going forward.

SCHULTZ: I going to ask you. You work the Washington be (ph), do the
Redskins change their name under Snyder?

JENKINS: Not unless they`re absolutely forced to.

SCHULTZ: Do you think the league will go down that road.

JENKINS: I doubt it.

SCHULTZ: But when they start losing sponsors that changes the game, isn`t
that the key?

JENKINS: Look, it`s a league of 32 billionaires. They don`t do anything
unless they`re force to by their pocketbook.


JENKINS: That`s the bottom line.

SCHULTZ: Great to have with us tonight --

JENKINS: Thank you.

SCHULTZ: -- Sally Jenkins. I appreciate it so much.

Coming up, oil prices are dropping like rocks from the sky. Big oil and
OPEC, they are scrambling. Rapid Response Panel weight in on that.

And Odell Beckham has another trick up his sleeve. You won`t believe it
until you see it. Stick around.

I`m taking your questions next, Ask Ed Live on the Ed Show on MSNBC.

We`ll be right back.


SCHULTZ: Welcome back to the Ed Show. I appreciate all the questions
tonight in our Ask Ed Live Segment.

Our first question comes from Garry, and he wants to know, "What do you
think about Chuck Schumer, the Senator from New York, throwing Obama under
the bus?" Let`s not make this about personality bashing. I was stunned to
hear the audio that was produced by the senator from New York saying that
the Democrats should not have gone health care? Excuse me?

President Obama in 2007 and 2008 in the run up to the election talked about
health care more than any other candidate out there. He didn`t know the
economy was going to tack the way it did. He didn`t know that Wall Street
was coming for a free fall.

So all of a sudden there`s the automobile industry, there`s a jobs issue.
And so obviously he`s not going to change direction after campaigning on
Obamacare and so we get it pass and 10 million people are affected and
Chuck Schumer has a problem with it?
I don`t think I have to say anymore. Oh by the way, how many jobs have we
added? We`ve replaced all the jobs we lost in the great recession. 56
months of private sector job growth. My blood pressure is getting up
there. We`ve had some pretty good things happen in this country under
President Obama. And some other good things are happening.

Today is Giving Tuesday. Our friends at the National Association of Free &
Charitable Clinics, they are asking for your help.

Now I have been proud to be involved with this organization. They`re a
wonderful non-profit organization. The group focuses on the needs of 1203
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Now, if you would like to get involved, check out their website at You can also learn more in my website at

Stick around, Rapid Response Panel is next.

MARY THOMPSON, CNBC CORRESPONDENT: I`m Mary Thompson with your CNBC Market

The Dow notches a triple digit gain to close at a new record. The S&P adds
13 and the NASDAQ climbs 28.

Auto sales rose 4.6 percent in November more than expected. GM, Chrysler,
Toyota, and Honda all reporting gains, Ford the Nissan saw decline.

And Walmart, the world`s largest retailers saying Cyber Monday was the
biggest online sales day in its history. Overall, Cyber Monday sales
jumped more than 8 percent over a year ago level.

That`s it from CNBC, first in business worldwide.


SCHULTZ: Welcome back to the Ed Show. I appreciate all the questions
tonight in our Ask Ed Live Segment.

Our first question comes from Garry and he wants to know, "What do you
think about Chuck Schumer, the Senator from New York, throwing Obama under
the bus?" Let`s not make this about personality bashing. I was stunned to
hear the audio that was produced by the senator from New York saying that
the Democrats should not have gone healthcare? Excuse me?

President Obama in 2007 and 2008 in the run up to the election talked about
healthcare more than any other candidate out there. He didn`t know the
economy who was going to _ the way it did. He didn`t know that Wall Street
was common for a free fall. So all of a sudden there`s the automobile
industry, there`s a jobs issue and so obviously he`s not going to change
direction after campaigning on Obamacare is that we get it pass and 10
million people were affected and Chuck Schumer has a problem with it?

I`m going to have to say more. Oh by the way, how many jobs that we added?
We`ve replaced all the jobs we lost in the great recession. 56 months of
private sector job growth? My pressure is getting up there. We got some
pretty good things happen in this country under President Obama. And some
other good things are happening.

Today is giving Tuesday. Our friends at the National Association of Free &
Charitable Clinics, they are asking for your help.

Now I have been proud to be involved with this organization. There are
wonderful non-profit organization. The group focuses on the needs of 1203
health clinics for people in need and I`ve seen these folks in need.

Now, if you would like to get involved, check out their website at You can also learn more in my website at

Stick around, Rapid Response Panel is next.

MARY THOMPSON, CNBC CORRESPONDENT: I`m Mary Thompson with your CNBC Market

The Dow launches a triple _ to close at a new record. The S&P had 13 and
the NASDAQ counts 28.

Auto sales rose 4.6 percent in November more than expected. GM, Chrysler,
Toyota, and Honda over putting gains for the Nissan so decline.

And Walmart, the world largest retailers saying Cyber Monday was the
biggest online sales day in its history. Overall, Cyber Monday sales
jumped more than 8 percent over year of their level.

That`s it from CNBC, first in business worldwide.


SCHULTZ: Welcome back to the Ed Show. Oil prices, they are in a free

In a meeting last week, OPEC couldn`t agree to save themselves. Too much
oil being pumped through the market and Goliath oil cartel will do nothing?

Prices peaked over $100 a barrel in June. It`s a different story today.
Since then, the price is falling by nearly 40 percent. Analysts are saying
that oil could drop to $40 a barrel. Oil import demands are sliding but
OPEC members refused to cut production.

The glut of oil is coming from the U.S. Bakken region and is really turned
OPEC on its head. The U.S. is producing 8.9 million barrels a day. The
world`s largest producer pumps out 9.6 billion.

Saudi Arabia cut prices for some customers four months in a row now.
Giants are starting to stumble. Harold Hamm`s fortune on paper has been
cut in half. Hamm is facing a billion dollar divorce but the market got
cut first. No doubt.

The founder of Continental Resources saw the shares in the oil company go
from $20 billion down to $10 billion in just three months. Exporters are
looking at a new reality for energy consumption.

Joining me tonight in our Rapid Response Panel, Bart Chilton, Sr. Policy
Advisor at DLA Piper, and also David Cay Johnston, Pulitzer Price Winning
Journalist and Columnist at Al Jazeera America. Gentlemen, great to have
you with us tonight.

Bart, you first. What`s happening into oil? Is the United States putting
out so much oil right now it`s affecting the global market?

BART CHILTON, FRM. CFTC COMMISSIONER: Well, I think it`s all together of
course Ed. I mean, when you look at what Russia is putting out and the
Saudi Arabia and the U.S. along with other countries. I mean, Canada puts
out a lot, Venezuela puts out a lot but there`s clearly a glut and that`s
impacting prices I think in a good way.

You know Ed, for years you asked me when I was commissioner that the CFTC,
if I hated it when prices were so high and I always had to sort of hold
myself back because personally I wanted them to be lower but my job as a
regulator was to say that I was commodity blind and price neutral.

But damn it, I don`t mind lower oil prices. I think it`s good for the
economy, good for the consumers and I think it will help kick us out of
this recession.

SCHULTZ: David, what do you make of OPEC not being able to come to an
agreement and cut production?

real problem. They have an enormous spending operation. They`ve got to

And it only cost about $5 to get a barrel of oil out of the ground into the
port in Saudi Arabia. So even at $70 of barrel, they`re hauling in a
tremendous amount of money.

And to the extent, they hold that price down. It makes it less more likely
that you will see expansion of the tar sands oil from Alberta and fracking
in the U.S. because the cost of production there runs -- depending on where
you are $50, $80 a barrel.

SCHULTZ: What do you make of the U.S. economy at this point? Is this
going to help the economy -- I mean, struggling families are paying $4 a
gallon, they`re paying -- in the Midwest I saw it at $261 a gallon.

That`s work (ph) of what a lot of middle class families. What`s that going
to do David?

JOHNSTON: The lower prices operate like a tax cut. And so there`s a
tremendous benefit to that. The people that will hurt are the people who
are in energy alternatives like wind and solar. And of course they`re
trying to get their tax credits renewed.
It won`t good for some industries that rely on high prices. But overall
the effect should be to help us add jobs, build the economy and get back to
where we should be. Because while we`ve grown out of the 2008 recession
tremendously. We`re really not where we could be if we had a Congress
willing to invest in the future, and this is partly making up for that
refusal by Congress to invest in America`s future.

SCHULTZ: Bart, where does American energy go with prices where they are
right now? The Shale boom in North Dakota, apparently it`s going to slow
down a little bit. What do think?

CHILTON: Well I hope that it won`t so much. I mean David is exactly right
that they`re right on the cusp here. And whether how profitable they can
be is questionable. But I hope they stay in it, for a few reasons. One,
we can`t just continue to rely on fossil fuels. And Ed, you know, there`s
nobody that can hold a candle to the talk that you`ve done about climate
change and the need to prevent global warming.

So we need these renewable fuels as well as different alternative fuels.
And so I`m hopeful that, you know, we have -- we reach some equilibrium
where the different to the Shale and the tar sands, all these things may
make some sense but particularly alternative energy. That`s what I`m
really interested in seeing.

And hopefully they can still eke out a living. I`m not too concerned about
the, you know, the largest oil companies in the world. They made $93
billion last year. That works out to $177,000 per second. They`ll be OK

But the consumers who are reaping the benefits of this and the myriad and
the workers who work in those industries who are benefitting from lower
prices. That`s really going to be a boon I think to our economy.

SCHULTZ: Well a Republican controlled Congress and the House and the
Senate certainly isn`t going to be attacking oil. And they`re certainly
not going to be, I don`t think helping out alternative energy sources with
oil prices as low as they are right now. And of course, when you talked
about the Russian production, you know, David the Russian Ruble hit a new
low as a result of oil prices. What else is going to happen in the world

JOHNSTON: Well we`re going to see a lot of volatility in oil. We might
well see oil go to $40. It`ll go back up too. The oil industry used to be
long-term contracts. And starting almost 40 years ago we begin to go to
spot prices. Well the spot prices you make a lot of money but you can
loose a lot.

Harold Hams lost -- on paper half his fortune is because his company was
highly leveraged. So those oil explorers who are using a lot of debts so
they can grow rapidly they may have real problems. But people like Exxon
and Chevron they`re going to do fine. And companies that will depend on
oil to manufacture things, they`re going to see their margins improve
because they have a lower cost to both feed stocks and energy.

SCHULTZ: So why build Keystone if this is the way it is, Bart?

CHILTON: Well I`m not a big fan to begin with quite frankly. I mean I
think there is, you know, certain some economic benefits. But quantifying
those, I still think it`s sort of a black box. So, I have not been a big
supporter of Keystone to begin with. You`re probably asking the wrong guy,

SCHULTZ: Well, I just think it`s going to be real hard for the proponents
of Keystone to make the case that we have to have more oil on the market
right now, on the world market especially the dirtiest oil that`s out

Mark Chilton and David Cape Johnston, great to have you with us tonight,
thanks for joining us on the Ed Show.

Coming up Senator Bernie Sanders joins us on the fight against corporate
tax breaks. The Punch Out ahead after the two minute drill.

Stay with us, we`ll be right back.


SCHULTZ: All right, time now for the two minute drill. College football
fans, this is what you`ve always wanted, anxiously awaiting the rankings to
come out. To have a real playoffs series, to find out who truly is number
one, all eyes on the National Champion game.

All right, Florida State, TCU, Oregon, and Alabama, they`re all in the hunt
for the coveted spot for first ever NCAA playoffs. Here`s how I see it,
just like that. Florida State gets number four, TCU gets number three,
Oregon gets number two and how do you argue with Alabama, the dark corner
on all of this is TCU. No one on the national level talks about their
team`s feed. I have seen them play, some play at Minnesota earlier this
year, I mean a wow, they`re pretty good. Now look where they are.

Now in the NFL, that the New York Giants are struggling but rookie wide
receiver Odell Beckham Jr., he`s got a few tricks up his sleeves. Not only
does this guy have finesse to make amazing catches, he can also bend it
like Beckham the soccer star. Take a look at this trick, he showcases at
practice. He spins the ball on the ground and he kicks it through the

Now, the NFL should take a look at this. This will be a great way to score
points from midfield if we can get somebody to do that right? We`ve got to
juice up the game a little bit don`t you think?

Finally, Thanksgiving Day leftovers, there is a feast for the victory.
Seattle Seahawks defensive back Richard Sherman who isn`t known for
celebrating quietly was at it again on Thursday. During the third quarter
of the Seattle game against San Francisco. San Francisco 19 to 3, OK?

They`re leading them and quarterback Colin Kaepernick tossed the ball right
in Sherman`s direction. He made the key interception that then he turn to
the fans with a message that was loud and clear. He said, "Be quite Maine
(ph). That`s what we said.

Stick around, we got more on the Ed Show, we`ll be right back.


SCHULTZ: Welcome back to The Ed Show. This is the story for the folks who
take a shower after work. President Obama has threaten to veto a
bipartisan tax deal which will give corporations a $440 billion breaks over
the 10 years while letting key tax credits for working families do what?
Expire? Come on.

Lawmakers from both parties have been working to strike a deal on a tax
extended package. The current deal would have made expiring corporate tax
giveaways permanent. The only corporate tax credit that would be allowed
to expire unto the deal is for wind energy. Now the deal would also
exclude a permanent expansion of the earned income tax credit and a child
tax credit for poor families according to the New York Times.

Republican negotiators excluded those measures as, "Pay back for the
President`s executive order on immigration." It`s the same old story.

President Obama does something that Republicans don`t like. Republicans
get back at the President at the expense of the working class folks of this
country. It`s hard to see how any progressive could get onboard with this
deal including our next guest.

Senator Bernie Sanders, independent from Vermont.

Senator this is really the worse nightmare for middle class families on
America, isn`t it?

SEN. BERNIE SANDERS, (I) VERMONT: Ed, this is just another example of the
Republicans having their priorities exactly wrong. What they want to do is
extend huge tax breaks, runoff the deficit with some of the largest, most
profitable corporations in America, at a time when these companies are
enjoying record-breaking profits.

And then on the other hand, we have millions of families struggling to keep
their heads above water, dependent on the earned income tax credit, the
child tax credit, they want to let those very important programs expire.
So, we take from the poor, we give to the rich and that is the Republican

SCHULTZ: Senator, do you buy into the conversation that this is get back
on the President for his Executive Order on Immigration?

SANDERS: Yeah, I think this is part of the general Republican DNA. Their
job is to protect the interest of the wealthy and the most powerful
corporations in America. And they could care less about low income working

SCHULTZ: So the President says that, you know, he`s going to veto this
deal. So what happens after that?

SANDERS: Well then we sit and negotiate something that makes sense. The
President and is absolutely right to veto this deal. Ed, in 1952
corporations paid about 32 percent of all Federal Tax Revenue. Today, that
number is less than 10 percent.

What we need in this country is a tax system that is progressive, that is
fair, that says to large profitable corporations, "You can`t stash your
money in the Cayman Islands. You have to start paying your fair share of
taxes." And also says, for low income working people, "We know you`re
struggling and we`re going to give you and you`re kids the support that
they need."

SCHULTZ: But Senator if you listen to the right-wing they say that we have
the highest corporate tax rates in the world and we`re not competitive and
they blame this for the loss of jobs when it comes to out sourcing. I know
you`re head is going to explode on this?

SANDERS: I don`t want to shock you. But the Republicans are not exactly
accurate on that. What they are talking about is a nominal tax rate. That
is the paper (ph) tax rate. The fact of the matter is, the effective tax
rate, what these corporations really pay is a fraction of the nominal tax
rate somewhere around 12 percent.

And you got large corporations like General Electric, Verizon and others
who pay nothing at all in taxes. In fact we think about one out of four
corporations pays nothing in taxes. So our goal must be to have an
equitable tax system. And if you`re a large profitable corporation, you
know what? You got to pay taxes. You should pay your fair share of taxes.

SCHULTZ: Senator, your thoughts on what Chuck Schumer, the Senator from
New York said about where the Democrats should have gone early on in the
Obama administration.

SANDERS: Well I don`t think it`s an "either" or "or". It`s not a question
of fighting for jobs or fighting for health care. Ed, as you know we`re
the only major country on earth does not provide health care to all people
as a right. And I think we got to remedy that. And I support a single-
payer Medicare rule system.

But also, there is no question that we need to create jobs. And by doing -
- by investing for example in our collapsing infrastructure we can create
millions of jobs. So it`s not either/or. We should be moving forward in
both directions and protecting the interest of working families.

SCHULTZ: And I want to give you an opportunity to comment on the last
segment that we had about oil. And the amount of oil that`s on the world
market right now and the dropping gas prices in this country. What does
this do if anything to Keystone in your opinion?

SANDERS: Well it tells us that you already have -- and this has been the
case actually for a number of years. You already have a great deal of oil
out on the market. And in some cases because of economies in various
countries demand is down. But most importantly on this issue Ed, climate
change is real.

The scientific community tells us that we have a limited window of
opportunity to transform our energy system away from fossil fuel. We
should not be encouraging the development of some of the dirtiest oil in
the world.

SCHULTZ: Senator what about the jobs program that you have talked about.
Unemployment in the black community is very high. You have focused on
that. Is that the key to better race relations in this country?


SCHULTZ: I mean the aftermath conversation of Ferguson that`s going on --


SCHULTZ: -- right now, you believe is connected to jobs?

SANDERS: Absolutely Ed. Look, clearly police brutality, the harassment of
young blacks is a terribly serious. But you can`t ignore the fact that
African-American youth unemployment today is over 30 percent.

The projections are that a black male born today has a one in three chance
to ending up in the criminal justice system. This is totally unacceptable.
And what we need to do is create a jobs program for America and for our
young people as well. Youth unemployment is over 18 percent in general.

So what we need to do is start investing in rebuilding our crumbling
infrastructure. Ed, if we invested one-third of the amount of money that
the war in Iraq cost us. That was $3 trillion. Put $1 trillion into
infrastructure, we can create 13 million decent paying jobs and make our
country more productive and efficient. And that is exactly what we should
be doing.

SCHULTZ: Give us an update on Bernie Sanders for President.

SANDERS: Well, we`ve been going around the country. I`ve been talking to
people. There`s a lot of support out there. The question I have to deal
with, Ed, is taking on the billionaire class. It`s not an easy task. And
we have to determine whether, in fact, there is the grassroots support in
this country for a strong campaign to really transform America and to
create the jobs, raise the minimum wage, health care for all people. Is
there support? I`m trying to determine that right now.

SCHULTZ: Senator Bernie Sanders, independent from Vermont. Senator, good
to have you with us tonight. Thanks so much.

That`s "The Ed Show." I`m Ed Schultz. "Politics Nation" with Reverend Al
Sharpton starts right now.

Good evening, Rev.


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